Thought I'd share my call selling in case you found it useful:
Use 100 leaps as an example that you're long.
Every Monday I sell 20 otm calls at a strike that is 30% higher than the current share price. The expiration will be 32 days out.
I also sell 20 otm calls at the highest avail strike. The expiration will be 32 days out.
The goal is to generate cashflow by selling theta, but minimize the risk of having to give up any core shares. So using this example of 100 leaps I want to have enough buying power utilizing margin to purchase enough shares in case any of these calls gets exercised. I divide 100 by 5 and get 20 (the number of calls I sell). I divide by 5 so that I have a max of 100 sold calls at any given time.
On the off chance the stock takes off I should be able to use margin to buy enough shares to satisfy the 100 exercised calls sold at strikes 30% above current share prices. I am a bit more aggressive by selling an additional 20 calls at the highest avail strike because I believe there's a less than 1% chance they are exercised.
I prefer to sell 20 at a time weekly rather than 100 monthly (or any other time frame) to take advantage of any changes in theta. (Ie. Selling at IV of 66% one week only to miss out if IV increases to 90% over the next two weeks).
Additionally since I have shares and leaps I figure the total long calls or equivalent that I have and divide by five to come to a number of options to sell. 1000 shares and 90 leaps would be equivalent to 100 leaps in regards to this strategy.
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